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Feb 5, 2013
02/13
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the debt ceiling. so here's the key actor. >> host: is he a strong leader? >> guest: i think it was much more powerful figure by the force of his personality, gingrich was a more creative thinker. boehner on the other hand understands strengths and limitations. he's a likable person. it's appropriately cautious and they think is actually that the republican party through some difficult times here in the last couple months and when i most encouraged about this the way he navigated republicans away from what would've been a disastrous debate what the president overgrazing at the ceiling. if republicans had time to this issue and said, you know, were not going to raise the debt ceiling unless at a certain amount of cuts, they would've caved in the end, would've been disastrous, much like what the fiscal cliff and i think boehner and right together did a very nice job convincing republicans that you can't govern from the house, but sure to be careful about getting into these high-profile, high-stakes, last
the debt ceiling. so here's the key actor. >> host: is he a strong leader? >> guest: i think it was much more powerful figure by the force of his personality, gingrich was a more creative thinker. boehner on the other hand understands strengths and limitations. he's a likable person. it's appropriately cautious and they think is actually that the republican party through some difficult times here in the last couple months and when i most encouraged about this the way he navigated...
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May 21, 2013
05/13
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now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the problem. and just getting a new credit card, jacking up the debt ceiling with no spending reforms, no structural reforms, no pro-growth reforms is a mistake, it's the wrong path. a senator: will the senator yield for a question? mr. cruz: i will yield. mrs. boxer: here's the question. the people in my state are saying the same thing. roll up your sleeves and attack the problems, because guess what? i remember when this budget was balanced when bill clinton was president. it took literally a few months before george w. bush gave a tax break and put it on the credit card, two wars on the credit card and
now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the...
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Mar 19, 2013
03/13
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but the next speaker has been an outspoken advocate for not raising the debt ceiling without equal cuts and not razor debt ceiling's our children cannot inherit a debt ridden future. the next speaker has been an outspoken advocate for the unilateral repeal of obamacare. >> and more so than anything else, our next speaker is one of the most courageous conservatives in the country your she stands for principle, she will oppose republican just like she will oppose a democrat. she's fighting for the future of this country, so my generation can prosper. ladies and gentlemen police join me in welcoming congresswoman michele bachmann. [cheers and applause] ♪ ♪ >> good morning. good to see you. so glad you're here. good morning. love you, too. good morning. welcome, everyone. thank you for that wonderful, wonderful tea bag or the morning welcome. and you are up and you. welcome to washington, d.c. the epicenter of care and compassion. it is a very unique city, as you know. you have to show a photo id in would have a white house tour. and then they turn around and demand you put away your id
but the next speaker has been an outspoken advocate for not raising the debt ceiling without equal cuts and not razor debt ceiling's our children cannot inherit a debt ridden future. the next speaker has been an outspoken advocate for the unilateral repeal of obamacare. >> and more so than anything else, our next speaker is one of the most courageous conservatives in the country your she stands for principle, she will oppose republican just like she will oppose a democrat. she's fighting...
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Jan 31, 2013
01/13
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and what would happen if we don't raise the debt ceiling right away? well, if we don't, we would have to have a 25% cut in all government spending, and that's -- that's pretty massive. that's pretty problematic. now, the administration and some actually go way overboard in the threats that they attach to this. they threaten to inflict the maximum possible economic damage if the debt ceiling isn't raised promptly upon the point at which they run out of their maneuvering room. so you hear threats about default on our debt and senior citizens won't get their social security check and our military folks won't get paid, all kinds of the most disruptive, most damaging and most dangerous kinds of outcomes are threatened by the administration. now, this is unnecessary, this isn't true, this isn't what would happen, but there is an incentive, of course, to try to scare and intimidate republicans into giving the administration the unconditional ability to just keep on borrowing and spending as they have been doing, and that's why we hear this. well, what my amen
and what would happen if we don't raise the debt ceiling right away? well, if we don't, we would have to have a 25% cut in all government spending, and that's -- that's pretty massive. that's pretty problematic. now, the administration and some actually go way overboard in the threats that they attach to this. they threaten to inflict the maximum possible economic damage if the debt ceiling isn't raised promptly upon the point at which they run out of their maneuvering room. so you hear threats...
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May 23, 2013
05/13
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majority leader reid and the democrats want to raise the debt ceiling. they want to do so consistently president obama's instructions coming to do so without debate because he doesn't want to debate this issue, without conditions come without anything to fix out-of-control spending, spending, out-of-control debt to simply give him an additional blank credit card because going from $10 trillion to $17 trillion has not been enough. that is the desired the democrat candidates candid. we should go to compensate now if they would simply say we will raise the debt ceiling was just using 50 votes. we will debate on the floor with a 60-vote threshold and be forced to find some bipartisan agreement. that's not what the majority wants to do. and those who are arguing that republicans should i see to that demand are arguing that all those who've taught her constituents were quantified to solve its economic problems and staff this out-of-control spending and stop encrypting our kids, that those promises are just so we tell constituents at home. it's not what we do o
majority leader reid and the democrats want to raise the debt ceiling. they want to do so consistently president obama's instructions coming to do so without debate because he doesn't want to debate this issue, without conditions come without anything to fix out-of-control spending, spending, out-of-control debt to simply give him an additional blank credit card because going from $10 trillion to $17 trillion has not been enough. that is the desired the democrat candidates candid. we should go...
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Jun 12, 2013
06/13
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because ordinarily to raise the debt ceiling, it would take 60 votes. and if it takes 60 votes, what that means is that the 54 democrats are not able to do so on a straight party-line vote, freezing out the republicans. right now the democrats have stated they believe the debt ceiling should be raised with no preconditions, no negotiations, no structural changes to our out-of-control spending that is bankrupting our country. and what the minority senators have said is that at a minimum, if we are going to raise the debt ceiling, it should be subject to a 60-vote threshold so that we have a conversation about fixing the deep fiscal and economic challenges in this country. and it is, indeed, the majority who -- i will give credit for candor -- does not wish to say, no, we -- we will take the debt ceiling off the table because it is, i believe, the democrats' intention, if this budget process goes to conference committee, to use reconciliation as a backdoor procedural trick to raise the debt ceiling on 50 votes. i think that would be a travesty. but i thin
because ordinarily to raise the debt ceiling, it would take 60 votes. and if it takes 60 votes, what that means is that the 54 democrats are not able to do so on a straight party-line vote, freezing out the republicans. right now the democrats have stated they believe the debt ceiling should be raised with no preconditions, no negotiations, no structural changes to our out-of-control spending that is bankrupting our country. and what the minority senators have said is that at a minimum, if we...
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May 22, 2013
05/13
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majority of this body, 55 seats and democrats are explicitly want to raise the debt ceiling. if we go to conference about the debt ceiling taken off the plate, it is 100% certainty the debt ceiling will be raised. i believe it's been done three times in recent history. and every republican who stands against holding the line here is really saying, let's give the democrats a blank check to buy her any money they want with no reforms, no leadership to fix the problem. i don't think that's consistent with any of our responsibilities. a final point. much has been said about the budget was defeated, the budget was considered. that is surely true. but the budget contains nothing about the debt ceiling. the budget did not consider the debt ceiling when all of us are here debating the budget, we didn't debate the debt ceiling. the question here is whether the majority of the senate will be allowed to bootstrap the debt ceiling, a totally different issue onto the budget and the reason for doing that is to use the political trick. it would allow the majority to pass the debt ceiling in
majority of this body, 55 seats and democrats are explicitly want to raise the debt ceiling. if we go to conference about the debt ceiling taken off the plate, it is 100% certainty the debt ceiling will be raised. i believe it's been done three times in recent history. and every republican who stands against holding the line here is really saying, let's give the democrats a blank check to buy her any money they want with no reforms, no leadership to fix the problem. i don't think that's...
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May 23, 2013
05/13
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nonetheless to allow our friends on the left side of the aisle to raise the debt ceiling. that to some republicans is the ideal outcome because they can go to their constituents and say see, i voted no and yet at the same time wonderfully they lost and they didn't actually have to stand up and stop what was happening. and so that is an outcome i believe that there are some on this side of the aisle who desire. now, i do feel obliged to rise in defense of my colleagues, the republicans. because the senior senator from arizona has impugned the republicans by claiming repeatedly that it is only a minority of republicans who are opposed to raising the debt ceiling on just 50 votes. and he has repeatedly suggested on the floor of the senate that, in fact, it may be a small minority, that the overwhelming majority of republicans, the senior senator from arizona sa said, stand with harry reid in wanting to be able to raise the debt ceiling on 50 votes. let me suggest to the senior
nonetheless to allow our friends on the left side of the aisle to raise the debt ceiling. that to some republicans is the ideal outcome because they can go to their constituents and say see, i voted no and yet at the same time wonderfully they lost and they didn't actually have to stand up and stop what was happening. and so that is an outcome i believe that there are some on this side of the aisle who desire. now, i do feel obliged to rise in defense of my colleagues, the republicans. because...
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Jan 9, 2013
01/13
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congress assigned it the responsibility of raising the debt ceiling. it's about pass spending not future spend. it's about paying our bills. and congress has that responsibility. congress needs to fulfill it. john, yep? yes, sir? >> thank you, jay. happy new year. >> and to you. >> all right. you talked about plan without spes isty. a number of the freshman republican that i talked to actually talked about dusting off the simpson bowls plan and introducing legislation. i believe freshman qualm from texas said he's going proceed in that. what is the administration's reaction? >> the position the president continues to have on the commission he created was that it provided a very important framework to move -- forward on deficit reduction. i don't know, i trust your reporting about the interest of some house republicans in putting that forward. i would be interesting to hear what chairman ryan has to say since he sat on the simpson bowls commission and they voted no. it's important remember, i think a lot of people when they talk about the commission the
congress assigned it the responsibility of raising the debt ceiling. it's about pass spending not future spend. it's about paying our bills. and congress has that responsibility. congress needs to fulfill it. john, yep? yes, sir? >> thank you, jay. happy new year. >> and to you. >> all right. you talked about plan without spes isty. a number of the freshman republican that i talked to actually talked about dusting off the simpson bowls plan and introducing legislation. i...
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May 20, 2013
05/13
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they're going to -- they decided they're not sure they're going to raise the debt ceiling, and so they now have a bill that they lay out who would get paid first when we default on our debt, and guess what, america, it's not you. it's china. before we pay america's business or american bondholders, we're going to pay china. i would yield the floor. mr. reid: mr. president? the presiding officer: the majority leader. mr. reid: i would ask my friend to yield for a unanimous consent request, and also with a request through the chair to my friend, when you finish your remarks, would you be willing to close the senate tonight? mrs. boxer: of course. mr. reid: great. mr. president? the presiding officer: the majority leader. mr. reid: i ask that the record not appear that she has been interrupted by me. the presiding officer: without objection. mr. reid: mr. president, i ask unanimous consent that at 4:00 p.m. on wednesday, may 22, the senate proceed to the consideration of calendar number 43, s. res. 65, that there be 60 minutes for debate equally divided and controlled in the usual form an
they're going to -- they decided they're not sure they're going to raise the debt ceiling, and so they now have a bill that they lay out who would get paid first when we default on our debt, and guess what, america, it's not you. it's china. before we pay america's business or american bondholders, we're going to pay china. i would yield the floor. mr. reid: mr. president? the presiding officer: the majority leader. mr. reid: i would ask my friend to yield for a unanimous consent request, and...
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May 7, 2013
05/13
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well, different americans might take a different approach to raising taxes or raising the debt ceiling. one issue on which almost all americans are united is the fact that these things ought to be debated and discussed in open and not through a secret backroom deal. the dignity of this process, the dignity of this body, our commitment to honor the constitutional oath that we have all taken as senators demands nothing less. thank you, madam president. i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: the presiding officer: the senator from maryland. mr. cardin: madam president, i ask unanimous consent that the quorum call be dispensed with. the presiding officer: without objection. mr. cardin: i ask consent to speak as if in morning business. the presiding officer: without objection. mr. cardin: madam president, i think two weeks ago the american public understood one of the consequences of these sequestration cuts, these across-the-board mindless cuts, when they saw what was going to happen with furloughs, with the air traffic controllers
well, different americans might take a different approach to raising taxes or raising the debt ceiling. one issue on which almost all americans are united is the fact that these things ought to be debated and discussed in open and not through a secret backroom deal. the dignity of this process, the dignity of this body, our commitment to honor the constitutional oath that we have all taken as senators demands nothing less. thank you, madam president. i note the absence of a quorum. the...
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Jan 31, 2013
01/13
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ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein that this amendment -- to simply explain that this amendment would authorize the treasury to rates debt ceiling as necessary to cover those three categories. i would urge my colleagues to support the amendment. thank you. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, i appreciate the intent of the senator from pennsylvania. when you stop and think about this amendment, it reminds us of the movie and the book "hunger games." in "hunger games" you'll recall that children were pitted against each other until one survived. there are three categor
ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein...
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Apr 23, 2013
04/13
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forgive us for raising the debt ceiling. a lot of people didn't want to raise the debt ceiling at all. but we promised we had done something good. we were proud of ourselves. bubefore the ink was dry, the president in january submitted his budget on 2012 that wiped out those cuts. and spent more money. the and his budget this year does the same thing. the and the senate democratic budget did the same thing i mean, how can we possibly ever get spending under control if we don't comply with what we promised? so the majority leader has said, well, the war is coming down. the war confidents ar costs aren the future and we'll just score that as savings, and therefore we don't have to raise taxes. we'll just spend the money. we won't have the sequester take effect. we'll just spend all that money and we'll pretend we saved it by not fighting a war ten years from now. can you understand this? let me tell you what experts have said about this gimmick. maya mcbeginnin mcginn nighs, ae committee for a responsible budget, they have wor
forgive us for raising the debt ceiling. a lot of people didn't want to raise the debt ceiling at all. but we promised we had done something good. we were proud of ourselves. bubefore the ink was dry, the president in january submitted his budget on 2012 that wiped out those cuts. and spent more money. the and his budget this year does the same thing. the and the senate democratic budget did the same thing i mean, how can we possibly ever get spending under control if we don't comply with what...
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May 23, 2013
05/13
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they have stated they want to raise the debt ceiling. and they want to do so consistent with president obama's instructions to do so without debate -- because he doesn't want to debate this issue -- without conditions, without anything to fix our out-of-control spending, our out-of-control debt, simply give him an additional blank credit card because going from $10 trillion to $17 trillion has not been enough. that is the desire of the democrats and it is candid. we could go to conference right now today if the democrats would simply say, we won't raise the debt ceiling with just using 50 votes. we will debate it on the floor with a 60-vote threshold and actually be forced to find some bipartisan agreement. but that's not what the majority wants to do. and those who are arguing that republicans should accede to that demand are arguing that all of us who have told our constituents, "we're going to fight to solve this economic problem, we're going to fight to stop this out-of-control spending, we're going to fight to stop bankrupting our k
they have stated they want to raise the debt ceiling. and they want to do so consistent with president obama's instructions to do so without debate -- because he doesn't want to debate this issue -- without conditions, without anything to fix our out-of-control spending, our out-of-control debt, simply give him an additional blank credit card because going from $10 trillion to $17 trillion has not been enough. that is the desire of the democrats and it is candid. we could go to conference right...
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Mar 4, 2013
03/13
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we said, okay, give us this ability to raise the debt ceiling so we can pay our bills and not become a third world nation and not lose our credit rating even more than we've already lost it. and then we will look at deficit reduction. and if the super committee can't come up with a deal, we'll just have these across-the-board cuts. no one thought that they would happen. and they're happening. and now what we hear is, oh, it's really no big deal. our republican friends are saying. it's okay. and i want to talk about that for a minute, and then after i'm done with that, i'm going to talk about an issue that has to get on this agenda, and that's climate change. but let me tell you that maybe people watching this or in their homes may not be touched by the sequester. but let me tell you who will be touched by the sequester, and let me make the argument that when these people are touched by it, we're all touched by it. this is one nation under god. and when we hurt our people, we get hurt. 70,000 children will not get head start. is that supposed to be good for the country? 10,000 teacher
we said, okay, give us this ability to raise the debt ceiling so we can pay our bills and not become a third world nation and not lose our credit rating even more than we've already lost it. and then we will look at deficit reduction. and if the super committee can't come up with a deal, we'll just have these across-the-board cuts. no one thought that they would happen. and they're happening. and now what we hear is, oh, it's really no big deal. our republican friends are saying. it's okay. and...
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Jan 3, 2013
01/13
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ceiling so what do democrats want in part of the package to raise the debt ceiling and how do they were off the effort by republicans who didn't get what they wanted in the fiscal cliff and they are granted push hard to get what they want in the debt ceiling. february will be a defining moment. >> manu raju is the senior congressional reporter for politico. thanks for taking time with us on this busy day. >> absolutely. thank you. >> the senate came back for just a couple minutes and then went back out for the day. earlier the new members of the 113th congress were sworn in. there are 14 new centers in the session, nine democrats and four republicans, one independent. democrats hold the majority with 53 members compared to 45 republicans. there are two independent some who said they will be talking with the democrats. tomorrow the house is expected to vote on the $9.7 million bill that provides money for flood insurance programs and is helping those affected by hurricane sandy. if the house passes that measure the senate is expected to approve it. and senate leaders also plan to continu
ceiling so what do democrats want in part of the package to raise the debt ceiling and how do they were off the effort by republicans who didn't get what they wanted in the fiscal cliff and they are granted push hard to get what they want in the debt ceiling. february will be a defining moment. >> manu raju is the senior congressional reporter for politico. thanks for taking time with us on this busy day. >> absolutely. thank you. >> the senate came back for just a couple...
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Jan 16, 2013
01/13
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if we were to -- if the congress were not to raise the debt ceiling, some republicans believe such an event would be manageable in the short run, at least, they say, they won't vote for a higher debt ceiling until democrats accept spending cuts. many see this as risky. one said tuesday he would introduce legislation next week instructing the white house to prioritize the government's bills. what's wrong with the idea? >> guest: two things. first of all, we've had some deficit reduction. the president laid out a couple days ago. we had over $2 # trillion. we had a trillion and a half that came from previous actions, and then we added just a few days ago some further deficit reduction through increased taxes on the very wealthy of this country. we already begun to undertake deficit reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we've never tried that before. >> host: is it feasible? >> guest: i don't think so. which bills? social security? veterans? people out fighting for this country? whic
if we were to -- if the congress were not to raise the debt ceiling, some republicans believe such an event would be manageable in the short run, at least, they say, they won't vote for a higher debt ceiling until democrats accept spending cuts. many see this as risky. one said tuesday he would introduce legislation next week instructing the white house to prioritize the government's bills. what's wrong with the idea? >> guest: two things. first of all, we've had some deficit reduction....
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Oct 2, 2013
10/13
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this is a time between now and the debt ceiling and i will say this about the debt ceiling -- raising the debt doesn't fix the debt. continue to raise the debt, we need to have a path to fix it. we shouldn't be going through this political fight every three, six months. this is the fifth time that i've been in a debt ceiling, how many times have we voted on the so-called health care, obamacare? it's ridiculous to continue to fight the same fight over and over. i would hope that we are in a reform and repair and then repeal when you can't fix it. when you've given it ul all for the betterment of our country and it's not fixable or doable, then you change. we haven't gotten there yet. we got all naysayers and people just basically that just don't want change. i've got too many people that need the services of government. i've got too many people that depend on it. and not that i believe that they shouldn't be dependent, i would hope people would be independent, but government is so intertwined in all of our lives and just to say you want to stop it all is wrong, and so i would ask my de
this is a time between now and the debt ceiling and i will say this about the debt ceiling -- raising the debt doesn't fix the debt. continue to raise the debt, we need to have a path to fix it. we shouldn't be going through this political fight every three, six months. this is the fifth time that i've been in a debt ceiling, how many times have we voted on the so-called health care, obamacare? it's ridiculous to continue to fight the same fight over and over. i would hope that we are in a...
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Jun 4, 2013
06/13
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he has said that republican preconditions like demanding the conference agree to not raise the debt ceiling or raise taxes are absolutely out of line and unprecedented. senator collins joined us on the floor a few weeks ago to say that even though there is a lot we don't see eye to eye on, we should at least go to conference and make our best effort to get a deal. madam president, i couldn't agree more. the stalling that we have seen is, as some have said on their side, a little bizarre and ironic, to say the least, especially after i would remind everyone 50 hours of debate, innumerable amendments that took us way into the early hours, we offered everybody the chance to speak out, and after that session was over, many of our republican colleagues came to me personally and thanked me for finally having an open process. if they want us to have an open process, then they have to take that process and take it to the next step. so, madam president, i am deeply concerned. we are moving towards another manufactured crisis this fall. we have our appropriations committees that need to move forward.
he has said that republican preconditions like demanding the conference agree to not raise the debt ceiling or raise taxes are absolutely out of line and unprecedented. senator collins joined us on the floor a few weeks ago to say that even though there is a lot we don't see eye to eye on, we should at least go to conference and make our best effort to get a deal. madam president, i couldn't agree more. the stalling that we have seen is, as some have said on their side, a little bizarre and...
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Aug 8, 2013
08/13
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the consequences, you know, raising the debt ceiling, or not raising the ceiling is immediate across the board top 30 a, then you would've about 40% cut in all federal spending. that's defense, everything. so you know it takes a while to sort of turn the ship around and get it moving in the right direction. we start to make the turn to that's why i put up for the ryan budget three times. helped write. that's what a voted honestly for the lowest budget every single year i've been in congress. wynona get about 120-30 people at the most to vote for that. that's what we been awfully tough on spending. but again, you want to think twice about destroying the financial markets and the system and shutting down or essentially crippling the country. so that was my rationale on that. yes, sir. let me give you mic so they can hear you. >> thank you, congressman cole. >> thank you. >> when thank you. >> when you go into default, could you speak to what will happen to the bond market as to how much we will have to pay and bonds that are currently getting almost nothing on, 30 years i think is 3%.
the consequences, you know, raising the debt ceiling, or not raising the ceiling is immediate across the board top 30 a, then you would've about 40% cut in all federal spending. that's defense, everything. so you know it takes a while to sort of turn the ship around and get it moving in the right direction. we start to make the turn to that's why i put up for the ryan budget three times. helped write. that's what a voted honestly for the lowest budget every single year i've been in congress....
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May 7, 2013
05/13
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raising the debt ceiling doesn't do away with those debts. they are still there. we have an obligation to pay the debts that are incurred by this country. my friend -- i'm sorry, the junior senator from texas said he wanted a guarantee that as a bargaining pawn that we would make sure that the debt ceiling would not be raised. or words to that effect, mr. president. we've been through that before. the president made it very clear he will not negotiate on this country paying its bills. so republicans refuse to go to conference unless democrats get into positions that were soundly rejected by the american people last november. soundly rejected here on the senate floor with the budget resolution we passed. in other words, republicans refuse to play the game unless we let them win. mr. president, the rules are set. we know what the rules are. so let's get down and go for it with the rules. but they're not willing to do that. like schoolyard bullies, if the republicans can't win, they'll take the ball and go home. that's what we were told last night. this is a start bu
raising the debt ceiling doesn't do away with those debts. they are still there. we have an obligation to pay the debts that are incurred by this country. my friend -- i'm sorry, the junior senator from texas said he wanted a guarantee that as a bargaining pawn that we would make sure that the debt ceiling would not be raised. or words to that effect, mr. president. we've been through that before. the president made it very clear he will not negotiate on this country paying its bills. so...
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Jun 19, 2013
06/13
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the debt ceiling. and i would point out that the debt ceiling issue was not even contemplated in the senate budget resolution, never came up, wasn't discussed, there was no amendment, there was no vote. it's not in the document. in the house budget, the debt limit increase is not contemplated. it's not there, it wasn't voted on, it's completely absent. and so consistent with the rules of the senate, i would simply suggest that we go right ahead to conference, that we have a conference on the budget but that we follow the normal procedure of the senate, which is that matters that are not in either bill, either the house or the senate bill, be excluded from consideration in a conference report so that we don't airdrop in some extraneous, unrelated matter that was never contemplated by either body. that i think is a sensible approach and i think necessary because i think a debt limit -- the debt limit is a very important issue. we have a staggering amount of debt that we've allowed to accumulate. it's alr
the debt ceiling. and i would point out that the debt ceiling issue was not even contemplated in the senate budget resolution, never came up, wasn't discussed, there was no amendment, there was no vote. it's not in the document. in the house budget, the debt limit increase is not contemplated. it's not there, it wasn't voted on, it's completely absent. and so consistent with the rules of the senate, i would simply suggest that we go right ahead to conference, that we have a conference on the...
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Feb 26, 2013
02/13
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we raised the debt when ronald reagan was president. 18 times we raised the debt ceiling. but all of a sudden when there is a democratic president, they're playing games, and that's wrong. and so obviously, we didn't want to see another downgrade. we had already seen a delay the last time cost us $1.3 billion, mr. president, in borrowing costs alone. so in order to avert this, on august 2, 2011, we enacted the budget control act. when it became law, we were within hours of defaulting on our debts. the budget control act allowed us to raise the debt ceiling but on the condition that a super committee find $1.2 trillion in cuts or force a trigger of across-the-board cuts known as sequestration. mr. president, straight from my heart i say this -- no one thought the sequester would go forward. everyone thought the pain to the economy would be so great that everybody would sit down and resolve it. but here's what's going on right now. democrats say the way to resolve it and avert the sequester is to have dollar-for-dollar spending cuts and increases in revenues. republicans say
we raised the debt when ronald reagan was president. 18 times we raised the debt ceiling. but all of a sudden when there is a democratic president, they're playing games, and that's wrong. and so obviously, we didn't want to see another downgrade. we had already seen a delay the last time cost us $1.3 billion, mr. president, in borrowing costs alone. so in order to avert this, on august 2, 2011, we enacted the budget control act. when it became law, we were within hours of defaulting on our...
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Jan 22, 2013
01/13
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so president obama will request congress to raise the debt ceiling once again. this is the fifth time the president has -- president obama has requested the debt limit be raised to allow the federal government to borrow and spend more money. but what is the point of even having a debt limit if congress simply extends the treasury's borrowing capacity each time the limit is reached? while some may say that it's irresponsible not to raise the debt limit, our nation finds itself at a point of such indebtedness that it is equally as irresponsible to extend the debt ceiling without significant reductions in federal spending. i voted against an increase to the debt limit two years ago and intend to vote against another increase unless we substantially change the way that government does business by reducing federal spending. in addition to it being alleged that it's irresponsible not to raise the debt ceiling, sometimes it's suggested that it's not compassionate to not spend money. where is the compassion in spending money that we don't have that's being borrowed and
so president obama will request congress to raise the debt ceiling once again. this is the fifth time the president has -- president obama has requested the debt limit be raised to allow the federal government to borrow and spend more money. but what is the point of even having a debt limit if congress simply extends the treasury's borrowing capacity each time the limit is reached? while some may say that it's irresponsible not to raise the debt limit, our nation finds itself at a point of such...
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Aug 8, 2013
08/13
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it was part of the deal negotiated in the last debt ceiling that said in exchange for raising it you will cut long-term spending by the same amount you raise it. over a trillion of that was pretty much immediately agreed to. and the sequester was actually the president's suggestion. there's a book. he seems to have forgotten this. bob woodward wrote a book called the price of politics. a lively exchange with the white house, but at the end of the day it is pretty exclusive. the president's idea. if congress does not do this we're going to mostly fall on the fence, things like this. that's not going to cut the not discretionary side of the budget which will make us come to a deal. his idea of a deal was very going to raise taxes multiple times which is not the republican idea of a deal. he get one tax increase and another one with obamacare this year. not likely to get a third. the amount of money involved is a considerable amount, 85 billion. it is a three and half trillion dollar budget. to any of you think you can find about 2% in your budget over the whole thing that you could do
it was part of the deal negotiated in the last debt ceiling that said in exchange for raising it you will cut long-term spending by the same amount you raise it. over a trillion of that was pretty much immediately agreed to. and the sequester was actually the president's suggestion. there's a book. he seems to have forgotten this. bob woodward wrote a book called the price of politics. a lively exchange with the white house, but at the end of the day it is pretty exclusive. the president's...
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Sep 5, 2013
09/13
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i think that speaker boehner and others believe that if you raise the debt ceiling, then you have to cut the source of the debt, which is overspending. that's a point of view that i regimely agree with. now, they might want to do it in a compromise where there was entitlement reform involved. they do not want to do it with any tax increase that made that very, very clear. we've already had, in a sense, a double whammy tax hike in the 2013. the top end of the bush tax cults were raised, and then the obama care tax related to hikes are kicking in, so that was damaging to the economy. i think, however, will get his wish with the so-called clean debt ceiling bill. those days are over. i think there's spending negotiations that could include positive entitlement reform which could be a good thing. it's tough. i think people have to be alert that this is a market issue also. you asked about financial markets. nobody in the financial markets wants the debt default for sure. it's a global event. it would be very damaging. everybody's worried that the time frame is so short. your continuing r
i think that speaker boehner and others believe that if you raise the debt ceiling, then you have to cut the source of the debt, which is overspending. that's a point of view that i regimely agree with. now, they might want to do it in a compromise where there was entitlement reform involved. they do not want to do it with any tax increase that made that very, very clear. we've already had, in a sense, a double whammy tax hike in the 2013. the top end of the bush tax cults were raised, and then...
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Sep 19, 2013
09/13
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if we default on our debt, if we fail to raise the debt ceiling for the first time in the history of the united states, interest rates go up. the dollars paid by american taxpayers to build roads, educate children, defend the united states are diminished because we have to pay more and more for interest on the money that we borrow. can we avoid this? of course we can. this is a self-imposed problem, a problem that has been imposed by the tea party republicans on the congress and on the nation that is totally, totally unnecessary. let me say a word too about the underlying issue of obamacare. it's been almost a little over three years now since we passed obamacare. the supreme court took up the bill, found it constitutional. it's underway. certain provisions of this bill are already underway. and the goal of it, of course, is to deal with the cost of health care and the availability of health insurance in america. this is important to individuals and families and businesses. it's also important to our government. 60% of our national deficit, 60% of our national debt projected for the
if we default on our debt, if we fail to raise the debt ceiling for the first time in the history of the united states, interest rates go up. the dollars paid by american taxpayers to build roads, educate children, defend the united states are diminished because we have to pay more and more for interest on the money that we borrow. can we avoid this? of course we can. this is a self-imposed problem, a problem that has been imposed by the tea party republicans on the congress and on the nation...
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May 15, 2013
05/13
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and -- quote -- "you can't not raise the debt ceiling." just a few months ago, republicans acknowledged how dangerous it would be to play games with the debt limit and how politically damaging it would be to play politics with the potential economic calamity and drop their demands. so, mr. president, what has changed since then? why are republicans once again issuing this empty threat that does nothing more than rattle the markets and increase uncertainty across our country? maybe house republicans think since we won't hit the debt ceiling until later than we originally expected there could be less pressure to get a deal and more opportunity for them to extract some kind of political concession? mr. president, that is the wrong way to look at this because even though we know they're going to reverse course eventually, the republican strategy of creating uncertainty again and trying to push us towards another crisis has terrible consequences all of us remember when the the republicans demanded economically damaging policies leading to a dow
and -- quote -- "you can't not raise the debt ceiling." just a few months ago, republicans acknowledged how dangerous it would be to play games with the debt limit and how politically damaging it would be to play politics with the potential economic calamity and drop their demands. so, mr. president, what has changed since then? why are republicans once again issuing this empty threat that does nothing more than rattle the markets and increase uncertainty across our country? maybe...
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Feb 8, 2013
02/13
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so i think the concern about article you should ourselves in the foot, you know, not raise the debt ceiling or not come to an agreement on various things. one of the main things, i am still i think more nervous about europe and some people, precisely because though interest rates are down in some of the most troubled countries, their troubles are still there. so i don't think that's a problem that has gone away. i do think we still have a risk to the economy. unfortunately, that does he is heading off the robust fast recovery. i think 2013 will be better than 2012. i wish i could tell you it will be really, really good because that's what we dashed we need. >> i'm not a forecaster. i don't have a ph.d in economics. i specialize in economic policy. so i tried to be a good consumer of other forecasts. one thing i've learned from that is frankly i don't trust any macro forecast that goes beyond six months. because i don't think anyone is any -- they're just guessing beyond that. i think we probably, at least i would have similar reactions. i am still very concerned about the risk posed by euro
so i think the concern about article you should ourselves in the foot, you know, not raise the debt ceiling or not come to an agreement on various things. one of the main things, i am still i think more nervous about europe and some people, precisely because though interest rates are down in some of the most troubled countries, their troubles are still there. so i don't think that's a problem that has gone away. i do think we still have a risk to the economy. unfortunately, that does he is...
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Jan 3, 2013
01/13
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ceiling so what do democrats want as part of that package to raise the debt ceiling and ward off effort by roms who didn't get what they wanted in the deal and will push hard to get what they want in the debt ceiling deal. february will be a defining month for the congress. >> manu, the senior congressional reporter for "politico," thank you for taking time out of this busy day. >> absolutely, thank you. >> senate begins at noon eastern in a couple
ceiling so what do democrats want as part of that package to raise the debt ceiling and ward off effort by roms who didn't get what they wanted in the deal and will push hard to get what they want in the debt ceiling deal. february will be a defining month for the congress. >> manu, the senior congressional reporter for "politico," thank you for taking time out of this busy day. >> absolutely, thank you. >> senate begins at noon eastern in a couple
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Mar 18, 2013
03/13
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and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked away with eight. but, so that was a $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we're still, we have several problems facing us. the trillion dollars in obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them after the 2012 election. so everybody voted, and now the tax increases hit. it's not helpful for the economy, and i think it's going to be unpleasant for voters. >> host: ron's up next from watertown, south dakota, on the democratic line. good morning, ron. >> caller: good morning. >> gues
and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked away with eight. but, so that was a $2.5 trillion spending...
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Feb 5, 2013
02/13
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the debt ceiling and creating the special, the select committee. no real evidence that we were able to achieve something that i felt was very important and while i haven't walked away from its issues, not at all, i did reach the conclusion that maybe there's a different approach to getting our country out of the fiscal condition that it is in, and that's called growing the economy. job creation, creates that opportunity for additional tax revenues to be collected and the debts to be reduced. and so at about that time, report from the kauffman foundation in kansas city, the kauffman foundation is devoted to entrepreneurship. that report landed on my desk with specific policy recommendations about what washington, d.c. might do in order to enhance the chances that the united states is and would remain a country of entrepreneurs. and if we do this ideas and begin the process of drafting legislation, at about that time senator wyden introduced himself to me on the senate floor and said i've got an issue that might be of interest to you. and would you c
the debt ceiling and creating the special, the select committee. no real evidence that we were able to achieve something that i felt was very important and while i haven't walked away from its issues, not at all, i did reach the conclusion that maybe there's a different approach to getting our country out of the fiscal condition that it is in, and that's called growing the economy. job creation, creates that opportunity for additional tax revenues to be collected and the debts to be reduced....
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Sep 24, 2013
09/13
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debt ceiling and whether or not for the first time in the history of the united states we don't pay our bills, causing not only a national financial crisis but an international financial crisis, all of these issues are related to something that is much, much larger. and that is the transformation of american society in a radically different way than it is today. and what my republican colleagues, almost without exception, want to do now is take us back into the 1920's where working people had virtually no protection at all on the job, no minimum wage, no job safety protection, where social security didn't exist, where medicare didn't exist, so that if you are old and you got sick, well, your future was not very bright. if you're poor and you got sick, you had nothing. they want to take us back to a time when a handful of corporations and wealthy people controlled the economic and political life of this nation. i do not believe that is where the american people want to go. i believe that the american people want us to start focusing on issues of relevance to them, and that is the und
debt ceiling and whether or not for the first time in the history of the united states we don't pay our bills, causing not only a national financial crisis but an international financial crisis, all of these issues are related to something that is much, much larger. and that is the transformation of american society in a radically different way than it is today. and what my republican colleagues, almost without exception, want to do now is take us back into the 1920's where working people had...
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May 9, 2013
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and the upcoming vote to raise the debt ceiling. unfortunately, since that time it's pretty much been business as usual here in washington, d.c., and almost no progress has been made. it's time for to us get back beyond the conversations and the rhetoric that too often is pretty empty around here and get down to the business of making real changes in the way that we conduct our business. first and foremost, we must reduce the government drag on the private sector. start-ups and small businesses, the real job creators in this country, are being held down under the weight of a 74,000-page convoluted tax code and a $1.75 trillion worth of red tape. every single job creator that i meet, whether it's at what town hall meeting back home in kansas or here in washington, d.c., they come here to tell us their story and ask for our help, what they tell me is that we've got to reduce the massive regulatory burden. the overwhelming cost of compliance prevents many small business owners and entrepreneurs from hiring new employees, expanding thei
and the upcoming vote to raise the debt ceiling. unfortunately, since that time it's pretty much been business as usual here in washington, d.c., and almost no progress has been made. it's time for to us get back beyond the conversations and the rhetoric that too often is pretty empty around here and get down to the business of making real changes in the way that we conduct our business. first and foremost, we must reduce the government drag on the private sector. start-ups and small...
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Sep 18, 2013
09/13
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and they refuse to understand that raising the debt ceiling is not about future spending, it's about past spending. so their reason is they're very upset about the affordable care act, or obamacare, however you want to call it, and they're very upset about the deficit, which has come down by half from its height with this president's leadership. so here's the thing. i do a lot of speaking to youngsters in school. and when i explain to them what the role of a senator is, i say in essence, it's to make life better for the people. that's what i think it is, and to do it in a smart way. and to work with your colleagues to make sure you can compromise and get things done, whether it's building highways or making sure our ports are dredged or funding the military, we must work together. no one gets everything he or she wants. that's life. you have to compromise. you can't be an ideologue and say my way or the highway. and to go after a law that was passed years ago, that you tried to repeal 41 times and failed, that you tried to overturn in the court and failed, and then not to do your mos
and they refuse to understand that raising the debt ceiling is not about future spending, it's about past spending. so their reason is they're very upset about the affordable care act, or obamacare, however you want to call it, and they're very upset about the deficit, which has come down by half from its height with this president's leadership. so here's the thing. i do a lot of speaking to youngsters in school. and when i explain to them what the role of a senator is, i say in essence, it's...
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May 7, 2013
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the debt ceiling. the presiding officer: is there objection? mrs. murray: madam president, reserving the right to object, and i will in a moment, we considered over 100 amendments on the floor. all of those kinds of amendments were brought up, debated and considered as part of the resolution, as we do on any debate, so there is no need to go back and redo all of our amendments again, so i would object and ask simply again our u.c. to move forward to conference so we can discuss all of these issues in regular order. the presiding officer: objection is noted. is there objection to the original request? mr. mcconnell: i object. the presiding officer: objection is heard. ms. landrieu: madam president? the presiding officer: the senator from louisiana. ms. landrieu: can i be heard for three minutes on this subject? the presiding officer: without objection. ms. landrieu: thank you. madam president, this is very disturbing that the minority leader has objected taking the budget to conference because it's the
the debt ceiling. the presiding officer: is there objection? mrs. murray: madam president, reserving the right to object, and i will in a moment, we considered over 100 amendments on the floor. all of those kinds of amendments were brought up, debated and considered as part of the resolution, as we do on any debate, so there is no need to go back and redo all of our amendments again, so i would object and ask simply again our u.c. to move forward to conference so we can discuss all of these...
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Oct 2, 2013
10/13
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the debt ceiling? he described it -- this is of course when george w. bush was president. his key words were "irresponsible." president obama as a senator said it was unpatriotic about raising the dent ceiling, unpatriotic and irresponsible. that's barack obama in this body, in this chamber, in 2006. president obama at the time as senator actually called raising the debt ceiling quotes a failure of leadership." "a failure of leadership." isn't that what the president hihimself should be accused of s he tries do the thing he so visa memently objected to when -- vehemently objected to when he was in the united states? in september the c.b.o. reported that in the long-term, defense, education, and infrastructure, and all discretionary spending will be squeezed by entitlement programs as well as interest on the debt. over the next 75 years discretionary spending will increase by 39%. this makes the sequester cuts look like child's play, mr. president. medicaid and other health spending increases by 159%, i
the debt ceiling? he described it -- this is of course when george w. bush was president. his key words were "irresponsible." president obama as a senator said it was unpatriotic about raising the dent ceiling, unpatriotic and irresponsible. that's barack obama in this body, in this chamber, in 2006. president obama at the time as senator actually called raising the debt ceiling quotes a failure of leadership." "a failure of leadership." isn't that what the president...
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Feb 14, 2013
02/13
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taxes or to raise the debt ceiling. as i said what moment ago, families roos america have to balance their budgets and, of course, along with the budget brings the discipline of deciding what your priorities are, the things you have to have and can't live without, the things you want but have to defer and then the things maybe you'd like to have but you simply can't afford. well, this number right here, 1,387 days since the senate passed a budget, is one reason why our debt continues to go up by leaps and bounds, and there's no plan in sight to bring it under control. here's the bottom line for president obama: the 2012 election is over and now it's time to govern. it's time to move beyond the campaign rhetoric, drop the gimmicks, and work across the aisle with republicans to do what's right for the country. we're ready, willing, and able to engage with the president and our democratic colleagues to try to address these problems that confront our country. in fact, there is no good reason for any of us to be here unless
taxes or to raise the debt ceiling. as i said what moment ago, families roos america have to balance their budgets and, of course, along with the budget brings the discipline of deciding what your priorities are, the things you have to have and can't live without, the things you want but have to defer and then the things maybe you'd like to have but you simply can't afford. well, this number right here, 1,387 days since the senate passed a budget, is one reason why our debt continues to go up...
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Mar 21, 2013
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and we agreed to raise the debt ceiling ceiling $2.1 trillion ae agreed to reduce spending over ten years, $2.1 trillion. before the ink was dry, the president was proposing to eliminate the cuts he agreed to. he's been fighting to eliminate those cuts from the beginning. and they're really not cuts. they're simply -- if they were properly applied, it would reduce the growth of spending and not cut spending actually at all. so the committee that was supposed to find all the cuts failed. the sequester came into law. it's an antimilitary provision. it was put in by jack lew, a very liberal member of the president's, at that time, chief of staff for offic office of mot and budget. the president seems to be quite happy to see these cuts fall on the defense department. he seems to be happy to have this happen. why do you say that? i say, because he's done nothing to philadelphia it. -- to fix it except demand something that he has no right to demand. that is, to violate this agreement and raise taxes and spend more. and that's not going to happen. congress is not going to vote to violate the a
and we agreed to raise the debt ceiling ceiling $2.1 trillion ae agreed to reduce spending over ten years, $2.1 trillion. before the ink was dry, the president was proposing to eliminate the cuts he agreed to. he's been fighting to eliminate those cuts from the beginning. and they're really not cuts. they're simply -- if they were properly applied, it would reduce the growth of spending and not cut spending actually at all. so the committee that was supposed to find all the cuts failed. the...